Last week, precious metals (DBP) (SLV) (GLD) were under selling pressure. Given their strong performance in the past several months, this isn't unexpected. This coincided with the price loss of long term bonds (treasury and investment grade corporate) - an unusual correlation. In a bigger context, we view these as normal corrections.
Agriculture commodities (DBA) have been going up steadily. Industrial base metals were also strong. Energy markets had a big recovery last week, especially for natural gas (UNG). All these boded well with general rising stock markets (especially the U.S. stocks).
As a result, broad based commodities (DBC, GSG) are doing well, continuing their up trend.
[Related -Crimea Formation in Silver (SLV)]
[Related -SPDR Gold Trust (ETF) (GLD): What Will Move Gold As Ukraine Crisis Eases?]
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In conclusion, with the looming inflation and U.S. dollar weakness, commodities can be used as a hedge in a portfolio. Precious metals and agriculture commodities are favorable.